iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Shares Up 1.3% – Here’s What Happened

iShares Copper and Metals Mining ETF (NASDAQ:ICOP)’s stock price traded up 1.3% during mid-day trading on Tuesday . The stock traded as high as $38.63 and last traded at $38.56. 24,727 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 25,009 shares. The stock had previously closed at $38.05.

iShares Copper and Metals Mining ETF Price Performance

The stock has a 50 day moving average of $37.68 and a 200 day moving average of $32.80. The firm has a market cap of $104.11 million, a P/E ratio of -13.72 and a beta of 0.85.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Sunbelt Securities Inc. bought a new position in shares of iShares Copper and Metals Mining ETF during the 3rd quarter valued at $76,000. Allie Family Office LLC bought a new position in shares of iShares Copper and Metals Mining ETF during the third quarter valued at about $206,000. J. Safra Sarasin Holding AG purchased a new position in shares of iShares Copper and Metals Mining ETF in the third quarter worth about $350,000. SeaCrest Wealth Management LLC purchased a new position in shares of iShares Copper and Metals Mining ETF in the second quarter worth about $518,000. Finally, Jane Street Group LLC bought a new stake in shares of iShares Copper and Metals Mining ETF in the 2nd quarter valued at about $1,017,000. 1.35% of the stock is owned by hedge funds and other institutional investors.

About iShares Copper and Metals Mining ETF

The iShares Copper and Metals Mining ETF (ICOP) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a market-capitalization weighted index composed of stocks of copper and metal ore mining companies globally. Stocks are quantitatively screened to identify stocks with significant revenue tied to this space ICOP was launched on Jun 21, 2023 and is managed by BlackRock.